EUR/USD
• Long-term trend: goes short. The maximum accumulation of volumes of the current contract is located in the range, of quotations 1.05000-1.05250.
At the moment, the pair is trading higher, indicating the weakness of sellers.
• Medium-term trend: goes long. The maximum accumulation of volumes of medium-term trend is located in the range, of quotations 1.05100-1.05200 and 1.06000-1.06100. At the moment, the pair is trading higher, indicating the strength of buyers.
• The area of profitable prices for buy in terms of marginal cover is located between zones 1/4 and 1/2 constructed from the maximum 10.10.2023.
• Quotation of the higher boundary of the zone 1/4 – 1.05725.
• Quotation of the higher boundary of the zone 1/2 – 1.05245.
• Intraday objectives: update the highs from 10.10.2023- 1.06205.
• Medium-term objectives: test the lower bound of WCZ – 1.06434.EURUSD: medium-term buys of the pair.
• Trading recommendations: buys from the range of favorable prices in the formation of a reversal pattern.
• Buy: 1.05245-1.05725, Take Profit 1-1.06205, Take Profit 2-1.06434.
• WCZ (weekly control zone)
• GWCZ (golden weekly control zone)
• SWCZ (silver weekly control zone)
Origin: FreshForex
